Health insurance providers in Oregon have been seeking approval for rate increases for nearly a year. Some may be getting their wish, but will not be able to raise rates as much as they had originally planned. The Oregon Insurance Division of the Department of Consumer and Business Services has granted approval for half of the rate proposals they have been reviewing over the past year. While many companies will not see the increases they had hoped for, consumers stand to save more money on their policies. The Division approved…
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New Jersey: Government run health plan looking to close their doors
In New Jersey, hundreds of cities and school districts have saved a fortune by taking part in the state’s relatively unknown benefits program. For the past three years, an increasing number of people are dropping the insurance policies they bought from big name companies in favor of the state’s program. Some legislators are looking to change that by proposing a new bill that could severely inhibit the program. Stephen M. Sweeney, the State Senate president, is proposing legislation that would prohibit the state run insurance program from accepting new members.…
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